American software company Ebix has acquired Yatra for an enterprise value of $337.8 million (₹2,323.6 crore) in an all-stock deal, the companies announced on July 17. Yatra will continue to operate independently and will retain its brand, as per Mint. In a call with investors, Ebix CEO Robin Raina said that the acquisition would help the company become the largest enterprise financial exchange in the Asian subcontinent. Ebix said it's targeting revenue between $145-$150 million a quarter by the end of 2019. Ebix aims to launch an IPO in India in Q2 of FY2019. What the merger will do Raina said that the merger: will give Ebix “tremendous” purchase power with your providers will give Ebix tremendous purchase power with the tourism departments of countries. “… travel companies do well on they get tourism department of various countries to provide…
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